MP Materials Corp. (NYSE:MP) CEO James H. Litinsky Sells 161,175 Shares

MP Materials Corp. (NYSE:MP) CEO James H. Litinsky sold 161,175 shares of MP Materials stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.94, for a total value of $4,342,054.50. Following the sale, the chief executive officer now directly owns 14,352,689 shares of the company’s stock, valued at $386,661,441.66. This represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

MP Materials Trading Down 0.1 %

NYSE MP opened at $26.80 on Thursday. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -45.42 and a beta of 2.32. The stock’s 50-day simple moving average is $23.11 and its two-hundred day simple moving average is $19.56. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. MP Materials Corp. has a twelve month low of $10.02 and a twelve month high of $27.41.

MP Materials (NYSE:MP) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $60.99 million during the quarter, compared to analysts’ expectations of $50.71 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. Research analysts forecast that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on MP Materials from $19.50 to $22.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. DA Davidson raised their price target on MP Materials from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Canaccord Genuity Group raised their price target on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.83.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MP. KBC Group NV increased its holdings in shares of MP Materials by 35.7% in the third quarter. KBC Group NV now owns 4,733 shares of the company’s stock worth $84,000 after buying an additional 1,246 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of MP Materials by 7.9% in the third quarter. OneDigital Investment Advisors LLC now owns 70,167 shares of the company’s stock worth $1,238,000 after purchasing an additional 5,123 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of MP Materials by 197.0% in the third quarter. Thrivent Financial for Lutherans now owns 96,106 shares of the company’s stock worth $1,696,000 after purchasing an additional 63,751 shares during the last quarter. Quest Partners LLC grew its stake in shares of MP Materials by 806.0% in the third quarter. Quest Partners LLC now owns 42,944 shares of the company’s stock worth $758,000 after purchasing an additional 38,204 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in shares of MP Materials by 32.7% in the third quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company’s stock worth $21,988,000 after purchasing an additional 306,933 shares during the last quarter. Hedge funds and other institutional investors own 52.55% of the company’s stock.

MP Materials Company Profile

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.